Form 4: Pega Systems Executive Sells Shares Under 10b5-1 Plan

Pega Systems COO, CFO Kenneth Stillwell sold 1,000 shares of common stock for $43.17 per share under a pre-arranged trading plan.

Summary

• Kenneth Stillwell, COO and CFO of Pega Systems Inc., sold 1,000 shares of common stock on April 1, 2026.
• The sale was executed at a price of $43.17 per share, totaling $43,170.
• This transaction was made pursuant to a Rule 10b5-1 trading plan adopted on August 12, 2025.
• Following the sale, Stillwell beneficially owns 108,532 shares of common stock directly, with an additional 1,908 shares held indirectly by his children.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. The sale was conducted under a pre-established 10b5-1 plan, mitigating concerns about insider trading, and the amount sold is a small fraction of the executive's total holdings.

Negatives

• An executive of Pega Systems Inc. has sold a portion of their holdings.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it solely reports a past transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings, like this one from Pega Systems, are standard disclosures for insider transactions. The use of a Rule 10b5-1 plan indicates a pre-planned sale, often used by executives to diversify holdings or manage personal finances without appearing to trade on material non-public information. The price of $43.17 per share provides a data point for current executive valuation of the stock.

Stakeholder Impact

• Shareholders: The sale by a key executive might be perceived negatively, but the use of a 10b5-1 plan suggests it was pre-planned and not based on new, adverse information.

Key Dates

Keywords

Pega Systems, PEGA, Form 4, insider trading, stock sale, 10b5-1 plan, Kenneth Stillwell, COO, CFO